NOT LISTED FOR SALE

Estimated Value: $657,297

3 Beds
2 Baths
1,750 Sq Ft
$376/Sq Ft Est. Value

Last Sold November 15, 2019

Last sale price $2,700 $2 Per Sq Ft

Est. 24,244% increase in value since last sale

Current estimated payment $4,095/month

97 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2019

This renovated single tenant Office Building is a well located and functional ownership opportunity for your business! The property is zoned R-O City of Phoenix, and is located in the Biltmore/North Central office market. Office includes security window shades. More than 30,000 cars per day pass along Bethany Home Rd providing terrific visibility of your business. Allowable uses include Medical, Professional, and Brokerage/Sales offices. The property features ample Uncovered Parking and a private entry from Bethany Home Rd. The building features 3 private offices, a kitchen, a bathroom, and a large showroom/conference room. Interior finish includes polished concrete floors!

Last Agent to Sell the Property

Adam Grimes

Signature Premier Realty LLC License #SA656961000 Listed on: 08/09/2019

Last Buyer's Agent

Erin O'Connor

RETHINK Real Estate License #SA548805000

Property Details

Property Type

  • Other

Year Built

  • Built in 1951

Lot Details

  • 9,226 Sq Ft Lot
  • Property is zoned R-O

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,750 Sq Ft Home
  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Public Parking
  • Private Parking
  • Free Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System

Community Details

  • Madison Village Subdivision

Listing and Financial Details

  • Property Available on 9/1/19
  • Tenant pays for trash collection, electricity, gas, water, sewer, fire insurance-bldg, contents insurance, janitorial service
  • The owner pays for (see remarks), property taxes, exterior maint, common area maintenance
  • Tax Lot 18
  • Assessor Parcel Number 164-50-017-A

Property Details

Property Type

Other

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: Bethany Home Rd and 16th Street
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: R-O
  • Lease Info Annual C A M Sq Ft: 24.34
  • Lease Info Annual Exp Stop Sq Ft: 1750.0
  • Lease Info Annual Lease Price: 45600.0
  • Lease Info Annual Lse Prc P S F: 24.34
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3
  • Lease Info Space Divisible: No
  • Year Built: 1951
  • Tax Year: 2018
  • Lot Size Acres: 0.21
  • Subdivision Name: MADISON VILLAGE
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 1750.0

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Public Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump, Electric, Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 9226.0
  • Additional Parcels: No
  • Parcel #: 164-50-017-A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2019-09-01

Multi Family

  • Owner Pays: Other (See Remarks), Property Taxes, Exterior Maint, Common Area Maint
  • Tenant Pays: Trash Collection, Electricity, Gas, Water, Sewer, Fire Insurance-Bldg, Contents Insurance, Janitorial Service
  • Existing Lease Type: Net
  • Leasable Area: 1750.0

Tax Info

  • Tax Annual Amount: 3511.0
  • Tax Book Number: 164.00
  • Tax Lot: 18
  • Tax Map Number: 50.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2018
Sold by
Rocky Acres Investments Llc
Bought by
Arizona Dp Consulting Llc
Current Estimated Value
$657,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Outstanding Balance
$171,346
Interest Rate
4.4%
Mortgage Type
Seller Take Back
Estimated Equity
$485,951

Purchase Details

Listed on
Jan 20, 2017
Closed on
Nov 16, 2017
Sold by
Mma & M Enterprises Llc
Bought by
Rocky Acres Investments Llc
Seller's Agent
Greg Thielen
At Real Estate Services
Buyer's Agent
Greg Thielen
At Real Estate Services
List Price
$379,000
Sold Price
$340,000
Premium/Discount to List
-$39,000
-10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.46%

Purchase Details

Closed on
Sep 13, 2012
Sold by
Kachina 16 Llc
Bought by
Mma & M Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2007
Sold by
Active Finance Group Llc
Bought by
Kachina 16 Llc

Purchase Details

Closed on
Oct 12, 2007
Sold by
Sitka Property Investments Llc
Bought by
Active Finance Group Llc

Purchase Details

Closed on
Apr 5, 2007
Sold by
Anhorn Cynthia C
Bought by
Sitka Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 9, 1996
Sold by
City Of Phoenix
Bought by
Zawodniak Raymond W and Anhorn Cynthia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 1996
Sold by
City Of Phoenix
Bought by
Bitterman Donna J

Purchase Details

Closed on
Jan 4, 1995
Sold by
Hott Patricia S
Bought by
City Of Phoenix
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arizona Dp Consulting Llc $399,000 Fidelity National Title Agen
Rocky Acres Investments Llc $340,000 Fidelity National Title Agen
Mma & M Enterprises Llc $134,000 First American Title Ins Co
Kachina 16 Llc $206,000 Security Title Agency Inc
Active Finance Group Llc $198,000 None Available
Sitka Property Investments Llc $225,000 Premier Title Group Maricopa
Zawodniak Raymond W $62,892 Grand Canyon Title Agency In
Bitterman Donna J -- --
City Of Phoenix -- --
City Of Phoenix -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arizona Dp Consulting Llc $199,000
Previous Owner Mma & M Enterprises Llc $172,000
Previous Owner Sitka Property Investments Llc $210,000
Previous Owner Zawodniak Raymond W $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2019 11/15/19 Sold $2,700 -10.0% $2 / Sq Ft
09/23/2019 09/23/19 Price Changed $3,000 -11.8% $2 / Sq Ft
09/11/2019 09/11/19 Price Changed $3,400 -4.2% $2 / Sq Ft
08/09/2019 08/09/19 For Sale $3,550 -99.0% $2 / Sq Ft
11/30/2017 11/30/17 Sold $340,000 -10.3% $194 / Sq Ft View Prior Sale
05/01/2017 05/01/17 Pending -- -- --
01/19/2017 01/19/17 For Sale $379,000 -- $217 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,900 $60,636 -- --
2024 $7,788 $59,553 -- --
2023 $7,788 $91,953 $61,812 $30,141
2022 $7,778 $59,728 $48,790 $10,938
2021 $8,069 $73,602 $43,524 $30,078
2020 $7,943 $69,084 $35,514 $33,570
2019 $3,599 $28,665 $28,665 $0
2018 $3,511 $26,145 $26,145 $0
2017 $3,346 $25,380 $25,380 $0
2016 $3,230 $22,440 $22,440 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5962990

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-50-017A